A corporation has $100,000 of U.S. source taxable income and $200,000 of foreign source taxable income from countries X and Y for a total worldwide taxable income of $400,000. Countries X and Y levy a total of $60,000 in foreign taxes upon the foreign source taxable income. U.S. taxes before credits are $120,000. The foreign tax credit limitation is

A) $35,000.

B) $60,000.

C) $80,000.

D) $120,000.